Run on the U.S. Dollar ….Soon
Porter Stansberry writes: It's one of those numbers that's so unbelievable you have to actually think about it for a while... Within the next 12 months, the U.S. Treasury will have to refinance $2 trillion in short-term debt. And that's not counting any additional deficit spending, which is estimated to be around $1.5 trillion Put the two numbers together. Then ask yourself, how in the world can the Treasury borrow $3.5 trillion in only one year? That's an amount equal to nearly 30% of our entire GDP. And we're the world's biggest economy. Where will the money come from? How...
Original Article: Forum: News/Activism
Tags: 12 Months, Deficit Spending, Dollar, Gdp, Money, Porter Stansberry, Term Debt, Trillion, U S Treasury, World Economy